Auto Loans

Scituate Federal Savings Bank offers competitive rates for easy affordable repayment terms of up to 60 months on new cars and 48 months on used cars. We require a down payment of 10% on new cars and 20% on used cars.

You may also get a pre-approved loan – get your best financing deal and know exactly what you can afford before you head to the showroom. For details on our pre-approval program, please call or visit any one of our convenient branch locations.

 
PURCHASE:

Rates as of Monday, February 6, 2012
Product Description Interest Rate Annual Percentage Rate Payment per $1,000 Payments Closing Costs Apply
New Car Purchase - 2011, 2010 - Terms to 60 Months
36 Months   5.250% 5.250% $30.08 Show Payments and Rates $25.00
48 Months   5.500% 5.500% $23.26 Show Payments and Rates $25.00
60 Months   6.250% 6.250% $19.45 Show Payments and Rates $25.00
Used Car Purchase - 2011 - 2007 - Terms to 48 Months
36 Months   5.250% 5.250% $30.08 Show Payments and Rates $25.00
48 Months   5.500% 5.500% $23.26 Show Payments and Rates $25.00
Used Car Purchase - 2007 - 2006 - Terms to 36 Months
36 Months   5.250% 5.250% $30.08 Show Payments and Rates $25.00

See "Notations" at bottom of the page.
 
REFINANCE:

Rates as of Monday, February 6, 2012
Product Description Interest Rate Annual Percentage Rate Payment per $1,000 Payments Closing Costs Apply
New Car Refinance - 2011 - Terms to 60 Months
36 Months   5.250% 5.418% $30.08 Show Payments and Rates $50.00
48 Months   5.500% 5.628% $23.26 Show Payments and Rates $50.00
60 Months   6.250% 6.354% $19.45 Show Payments and Rates $50.00
Used Car Refinance - 2010 - 2006 - Terms to 48 Months
36 Months   5.250% 5.418% $30.08 Show Payments and Rates $50.00
48 Months   5.500% 5.628% $23.26 Show Payments and Rates $50.00

 
"Notations":
All APRs assume a $10,000. loan amount.
These rates are with direct withdrawal from a Scituate Federal Savings Bank account.
Add ¼% if not utilizing direct withdrawal from a Scituate Federal Savings Bank account.
Used 2008 vehicles with less than 10,000 miles will be considered a new vehicle.
Values for refinanced vehicles are determined by the NADA Used Guide.
New Vehicles: we will finance no more than 105% of the invoice based upon the NADA New Car Price Manual
Used Vehicles or Refinanced Vehicles: we will finance up to the NADA “Average Loan Value”
 

ALL RATES, TERMS AND PROGRAMS ARE SUBJECT TO CHANGE WITHOUT NOTICE.

 
The Online Automobile Loan Application Process
 
Should you have any questions, please call of visit any one of our convenient branch locations.